Affordable housing scheme gets maximum response from Gurgaon

Of the 56 applications the Haryana government received from builders for the construction of housing projects under its Affordable Housing Policy, 48 are from Gurgaon. 

The state government notified the policy on Monday and invited developers to apply for the scheme, which aims at providing affordable housing units to persons belonging to economically weaker sections. 

On the very first day, 56 realtors submitted their applications. The huge response from Gurgaon builders indicates that there’s a huge demand for affordable houses in the city. 

Of the rest, six applications were received from developers in Faridabad and one from Jhajjar and Karnal each. According to experts, the policy would help checking illegal constructions and also act as a breather for the otherwise sluggish real estate market. 

“The policy will rekindle hope for the common man, as it has a provision for higher population density norms of 850-900 people per acre as against the prevalent figure of 300,” said National Real Estate Development Council (NAREDCO) president Navin Raheja. For a city like Gurgaon where a two-bedroom apartment sells for anywhere between Rs. 75 lakh and Rs. 1 crore, the new policy has brought a ray of hope for people of low income groups as they would be able to buy a 300 sqft house for as low as Rs. 12 lakh through draw of lots. The price for a 645 sqft flat would come to about Rs. 25 lakh. 

The maximum allotment rate for the apartment units approved under such projects will be — Rs. 4,000 per sqft of carpet area in Gurgaon, Fairdabad, Panchkula and Pinjore-Kalka; Rs. 3,600 per sqft for other high and medium potential towns and Rs. 3,000 per sqft for the remaining low potential towns. 

In case the builder fails to complete the project, renewal of license will not be allowed by the DTCP as per the regulation

Affordable Housing Policy,2013

Haryana Government’s Department of Town and Country Planning notified an affordable housing policy, 2013 to facilitate additional affordable houses in urban areas of the state. The policy would help to encourage planning and completion of Group Housing Projects. All such projects would be required to be completed within four years from the approval of the building plans or grant of environmental clearance whichever is earlier. 

As per policy, the projects would be allowed in residential zones of notified development plans of various towns and cities. The license for such housing projects would be given on a first come first serve basis. Under the Policy, the size of apartments to be constructed will be in the range of 28 square meter to 60 square meter carpet area. 

The project is estimated to be completed within 4 years period from the date of approval. Through this policy, the state government plans to make available close to 1 25000 affordable dwelling units which have carpet area of approx. 500 Square Feet carpet area each in the urban centers of Haryana. It will benefit lower and lower-middle class population of approximately six lakhs in the urban centers of Haryana in the next five years period.

Toyota Kirloskar Motor sells 15,201 units in August 2013

September 1, 2013 Bangalore: Toyota Kirloskar Motor registered total sales of 15,201 units in Aug 2013 when compared to 16,225 Units in Aug 2012. Sales declined by 6%. The company exported 3,194 units of the Etios series last month. 

The company sold 12,007 units in the domestic market in August 2013 as compared to 13,995 units in August 2012. 

Commenting on the sales in August 2013, Mr. Sandeep Singh, Deputy Managing Director and Chief Operating Officer, Marketing and Commercial said “With the rupee depreciation and rising inflation we have increased the prices of Camry Petrol and Fortuner. The prices have been increased by 1%. 

Last month we launched the Camry Hybrid, this is in line with offering advanced technology to our customers and encouraging the use of hybrid in India thereby contributing to a greener tomorrow. 

The market is still sluggish, however we hope to see the market improve with good monsoons and the upcoming festive season." 

For more info on our product & services visit:http://www.toyotabharat.com

Source: http://www.prlog.org/12203385-toyota-kirloskar-motor-sells-15201-units-in-august-2013.html

Toyota Kirloskar Motor sells 14,470 units in July 2013

Aug 1, 2013, Bangalore: Toyota Kirloskar Motor (TKM) registered total sales of 14,470 units in July 2013 when compared to 16,062 units last year. Sales declined by 10%. The company exported 2,955 units of the Etios series last month. 

The company sold 11,515 units in the domestic market in July 2013 as compared to 14,574 units in the corresponding month in 2012. 

Commenting on the sales in June 2013, Mr. Sandeep Singh, Deputy Managing Director and Chief Operating Officer, Marketing and Commercial said “Market continues to be sluggish and it seems that we are heading for tougher times in view of the current market outlook.” 

For more info on our product & services visit:http://www.toyotabharat.com

Source: http://www.indiaprwire.com/pressrelease/auto/20130802221986.htm

Does Buying Property Secures Your Future

Buying property is the latest trend these days. It will be foolish to ask “Why?” because the moment you ask that you will be bombarded with innumerable benefits of investment in real estate. The reality sector has emerged so well in recent years that investment in real estate is considered the most intelligent, safe and profitable decision. It is often seen that people don’t give a second thought when it comes to buying property. Of course they get into minute details of the property and keep a close eye on the legal formalities but a majority of such investors never reconsider their decision of buying a property. 

Let us come to you. Will you buy a property? Couple of ‘ifs’ and ‘buts’ BUT at the end you will agree. Pointers to support your decision would be that it is the best investment. Here the return on investment is maximum. It is safe and secure. There is a sense of pride as well when your called as the owner of the house. And many more such positive reasons to support you. But again we bring you back at the same point from where we started, “Is buying property good for you?” 

Don’t be confused. We just want to draw your attention towards your financial and mental condition. Financial situations will be affected drastically if you make a hasty call. Property investment is a crucial decision. Things may turn adverse and compel you to sell your asset within a few months of purchasing it, just because of your recklessness. For example, if you take number of home loans to buy a house and then you feel uneasy while paying the so called easy monthly installments so much so that you are fed up one day and sell your property without caring about the profit margins. This should not happen. Therefore, a sound financial set up is expected and through consideration with the real estate advisor is mandatory. 

Secondly we come to your mental stability. You can laugh at us when we say so and fire back with a question as to where does mental health come in picture. Well, dear friend buying property is an investment ranging from lakhs to crores. This one decision can make or break you. Therefore you have to be mentally alert while purchasing a property and have to be prepared for future holdings. Every minute detail regarding the property you want the purchase should be known to you. Market research and analysis should be done properly. You have to be careful and confident in your approach. 

Summarizing the entire section we would like to say that the above mentioned points hold equally true for people who are there in the real estate business. Though our entire approach is individualistic but we think that the above two points are the very bases of the decision making processes of big corporate houses in the real estate industry. There is absolutely no harm in buying property but two major things to consider are well explained above. Remember financial understanding and mental stability will help you buy property, can get you your dream projects and reap revenues for you. 

Author Resource:

 

Raj is a professional writer, presently writing for the buying property in Gurgaon and buying property for investment purposes. 

Source: http://goarticles.com/article/Does-Buying-Property-Secures-Your-Future/7822860/

Toyota Announces the First Ever Etios Motor Racing Trophy

Bangalore, July 23rd, 2013: Toyota Kirloskar Motor today announced that the inaugural Etios Motor Racing (EMR) Trophy will be held in Chennai as a part of the FMSCI National Racing Championship, organized by Madras Motor Sports Club (MMSC). Toyota had launched the one-make racing concept last year at the Auto Expo in New Delhi followed by exciting motorsport activities across the country, which included two very successful exhibition races at Chennai and Gurgaon. 

The first EMR race will be flagged off on July 27th, 2013 at the Madras Motor Race Track (MMRT). In all, there will be four EMR Trophy races during the third leg of the National Racing Championship to be held in Chennai on the 27th & 28th of July. The winners of each individual race in all four races will receive a trophy and a cash prize. Apart from the three podium finishes, the most promising young driver will also be entitled to a trophy and cash prize. The next racing weekend for the 25 young EMR drivers will be at the Buddh International Circuit at Noida in September during the fifth leg of the National Racing Championship. 

Commenting on EMR’s participation in the NCR, Mr. N. Raja, Senior Vice President, Marketing, Toyota Kirloskar Motor, said, “2012 was an excitement filled year for EMR, right from its official launch at the Delhi Auto Expo to the two hugely successful exhibition races at Chennai and Gurgaon, and finally international exposure at the Colombo Night Race in December. EMR also saw a lot of excitement amongst the youth during the driver selection & training camps which were held in various cities. We also took EMR to all our dealerships across India to give our customers a taste of Toyota’s motorsport experience and it was very well received. As we begin our season in 2013, we look forward to a lot of thrill & excitement as our drivers are all geared to take on the National Racing Championship. It is an honor for us to be associated with National Racing Championship and we believe this will be an excellent opportunity for our line-up of drivers.” 

The 25 EMR drivers selected last year will compete for the EMR Trophy over eight races this year. The best three EMR drivers after EMR Trophy I & II will also have the opportunity to race at the Vios Cup scheduled to take place in Thailand this year. It is a single make 

racing conducted by TRD in Thailand. The Official Partners for EMR Trophy in 2013 are MRF Tyres, DENSO, Motul Lubricants and BMC. 

For more info on our product & services visit:http://www.toyotabharat.com

Source:http://www.prlog.org/12180658-toyota-announces-the-first-ever-etios-motor-racing-trophy.html

Toyota Etios Motor Racing Marks Its National Debut at the National Racing Championship

July 29th 2013, Bangalore: The inaugural Toyota Etios Motor Racing (EMR) Trophy got off to an excellent start with Diljith winning race 1 & race 3 while Arjun Narendran won an action packed race 2. In all, there were four EMR races scheduled during the third leg of the National Racing Championship in Chennai last weekend of which race 4 was cancelled due to heavy rains and safety concerns associated with it. 

Race 1 of the inaugural Toyota EMR Trophy saw EMR take to the National Racing Championship for the first time. Diljith, who had qualified on pole position on Friday led from start to finish to win the first race of the season. Behind him there was a great battle between youngster Akhil Rabindra, Abhinay Bikkani and Keith D'Souza who finished in that order with less than a second between them. 

Race 2, one of the most action packed races of the day saw Arjun Narendran win his first race with Abhinay Bikkani coming in second place ahead of Varun Anekar. Race 1 winner Diljith was in 4th place challenging for third before having a collision with Akhil Rabindra. 

Diljith also won Race 3 of the Toyota EMR Trophy ahead of Abhinay Bikkani and Akhil Rabindra. Diljith started on pole position and led from start to finish comfortably. The battle behind him was very close with four cars fighting for the remaining two podium spots. In the end Abhinay and Akhil managed to hold off the challenge from Keith D'Souza and Arjun Narendran to finish on the podium. 

The 25 EMR drivers will battle it out again during the second round of the EMR Trophy at the 5th leg of the National Racing Championship to be held at the Buddh International Circuit in Noida this September. The best three EMR drivers of the trophy will also have the opportunity to race overseas at other Toyota racing events. 

For more info on our product & services visit:http://www.toyotabharat.com

Source:http://www.indiaprwire.com/pressrelease/auto/20130730220304.htm